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IASbaba’s 60 Day Plan – IAS Prelims Test Series 2021 – ECONOMY, CURRENT AFFAIRS & CSAT [Day 45]

  • IASbaba
  • May 13, 2021
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IASbaba Prelims 60 Days Plan
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Hello Friends, 

ARCHIVES OF 60 DAYS

NOTE: IASbaba’s 60 DAY questions 

Let us pledge to make it a big game-changer (better than last year) in the next 60 days! 

Note- Download the OMR Sheet and attempt the questions exactly like UPSC Prelims. After you are done, please post your OMR in the comment section. Once the solution key is released (around 5 PM), cross-check the answers and, comment the marks (you scored) in the same comment thread. This will keep you accountable, responsible and sincere in days to come. 

You can also take part in the discussion with peers.  


ECONOMY [DAY 45] 


Q.1) Consider the following statements:

  1. Directorate General of Foreign Trade (DGFT) Organization is an attached office of the Ministry of Finance.
  2. DGFT assists government in formulation of Foreign Trade Policy (FTP) and is responsible for implementing the Foreign Trade Policy.

Which of the statements given above is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.2) Baba Kalyani committee is related to:

  1. To recommend measures for doubling farmers income by 2022
  2. To study the existing SEZ policy of India
  3. To recommend revival plan for telecom sector
  4. None of the above

Q.3) Consider the following statements with respect to Financial Intelligence Unit-India (FIU-IND):

  1. It is responsible for receiving, processing, analyzing and disseminating information relating to suspect financial transactions.
  2. It is reports to the Economic Intelligence Council (EIC) headed by the Finance Minister.

Which of the above is/are incorrect?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.4) Consider the following statements with respect Banks Board Bureau (BBB):

  1. BBB recommends appointment of directors and non-executive chairperson to PSBs
  2. The bureau was announced as part of the seven-point Indradhanush plan to revamp PSBs.

Which of the statements given above are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.5) Agricultural and Processed Food Products Export Development Authority (APEDA) is a body set up by:

  1. Ministry of Agriculture & Farmers’ Welfare
  2. Ministry of Food Processing Industries
  3. Ministry of Commerce and Industry
  4. Ministry of Rural Development

Q.6) Consider the following statements about ‘National Statistical Office’:

  1. This body is result of merger of Central Statistics Office (CSO) and National Sample Survey Office.
  2. The Field Operations Division (FOD) of the present NSSO will be an independent office of the MoSPI.
  3. All the other divisions of present CSO, NSSO and administrative wing will exist as divisions of MoSPI.

Form the following options, choose the correct answer

  1. 1 and 2 only
  2. 2 only
  3. 1 and 3 only
  4. All of the above

Q.7) Consider the following statements regarding Employees’ State Insurance Corporation (ESIC) –

  1. It is a non-statutory body established by cabinet resolution.
  2. It can acquire both movable and immovable property and all incomes from the property shall vest with the corporation.

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. None of the Above

Q.8) Consider the following statements with reference to Kosi-Mechi Interlinking Project:

  1. It is the second major river interlinking project in the country to be approved by Central Government.
  2. It aims to overcome the acute problem of shifting of course of Kosi river, heavy sediment load, flooding.

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.9) Consider the following statement regarding Formation and Promotion of Farmer Producer Organizations (FPOs) Scheme –

  1. This Scheme targets to form and promote 100,000 new FPOs in the country with budgetary provision of Rs 6865 crore.
  2. There are 09 implementing agency, which will engage Cluster Based Business Organizations (CBBOs) to aggregate, registered & provide professional handholding support to each FPO for a period of 5 years.
  3. National Project Management Agency (NPMA) has been engaged for providing overall project guidance, coordination, compilation of information.

Which of the above statements is/are correct?

  1. 1 and 2 only
  2. 1 only
  3. 2 and 3 only
  4. All of the Above

Q.10) “Atal Tinkering Labs” is related to which of the following organisation?

  1. Ministry of Education
  2. Ministry of Science and Technology
  3. NITI Aayog
  4. ISRO

Q.11) Which of the following sector do not get benefitted from the recently approved Production-Linked Incentive scheme?

  1. Pharmaceuticals
  2. White Goods
  3. Telecom
  4. Brown Goods

Q.12) Which of the following statement about Kaleshwaram Multipurpose Lift Irrigation Project is INCORRECT?

  1. It is the world’s largest irrigation and drinking water system.
  2. The project has set many records with the world’s longest water tunnels, aqua ducts, underground surge pools, and biggest pumps.
  3. It aims to irrigate and provide drinking water to Amravati, the proposed new capital of Andhra Pradesh.
  4. None of the Above.

Q.13) Which of the following are considered as the strategic sectors under the recently unveiled Strategic Disinvestment Policy?

  1. Transport and Telecommunications
  2. Atomic energy, Space and Defence
  3. Banking, Insurance and financial services
  4. Petroleum, Coal and other minerals

Choose correct option:

  1. 1, 2 and 4
  2. 1 and 2
  3. 1, 2 and 3
  4. 1, 2, 3 and 4

Q.14) Which of the following statements is correct about Non-Performing Assets of Public Sector Banks in India?

  1. After initiation of Asset Quality Review in 2015, Bank balance sheets showed low incidence NPAs.
  2. The Provisioning Coverage Ratio is the ability of banks to service its debt and meet its financial obligations such as interest payments or dividends.
  3. Gross NPAs of Public Sector Banks is lower than Private Banks.
  4. NPAs are further divided into two categories i.e. substandard assets and doubtful assets.

Q.15) Which of the following given pairs is/are correct:

Airport                                                            State

  1. Jharsuguda Airport : : Odisha
  2. Pakyong Airport : :  Arunachal Pradesh
  3. Kannur International Airport : : Tamil Nadu

Select the correct code?

  1. 1 only
  2. 1 and 2 only
  3. 2 and 3 only
  4. 1, 2 and 3

Q.16) The main intention of allowing Qualified Foreign Investors (QFIs) to directly invest in Indian equity market is to –

  1. Attract more foreign funds
  2. Reduce market volatility
  3. Deepen the Indian capital market
  4. Widen the class of investors

Choose correct answer:

  1. 1, 3 and 4
  2. 1, 2 and 4
  3. 2, 3 and 4
  4. 1, 2, 3 and 4

Q.17) Consider the below statements with reference to Merchandise Exports from India Scheme (MEIS):

  1. It seeks to promote export of notified goods manufactured/ produced in India.
  2. It is implemented by the Ministry of Commerce and Industry.

Which of the statements given above is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.18) Consider the following statements:

  1. It caters to customers outside the jurisdiction of domestic economy, dealing with flows of finance, financial products and services across borders.
  2. The country’s first such centre is being developed in Gujarat’s GIFT City.

The above statements are associated with –

  1. International Organization of Securities Commission (IOSC)
  2. Graded Surveillance Centre (GSC)
  3. International Financial Services Centre (IFSC)
  4. International Graded Industry Centre (IGIC)

Q.19) Consider the following about industrial policy 1991:

  1. One of the major objectives was to liberalise the industry from regulatory devices such as licenses and controls.
  2. Ensuring PSUs are not exposed to competition and protected from private sector push.

Select the correct answer:

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.20) Which one among the following sectors has attracted the highest foreign direct investment inflows into India in the last 25 years?

  1. Automobile industries
  2. Services sector
  3. Food processing
  4. Special Economic Zones

Q.21) Consider the following statements about the Pradhan Mantri Bhartiya Jan-ausadhi Yojana (PMBJP):

  1. It was launched by Ministry of Health and Family Welfare.
  2. It provides free of cost medicine to poor and disadvantaged people.
  3. It promotes Generic medicine.

Which of the above statements is/are correct?

  1. 1 and 2 only
  2. 3 only
  3. 2 and 3 only
  4. 1, 2 and 3

Q.22) Recently UNESCO has included Hoysala Monuments in Tentative list of Heritage sites. These monuments are found at:

  1. Hampi and Hosper
  2. Halebid and Belur
  3. Mysore and Banglore
  4. Sringeri and Dharwar

Q.23) Consider the following statement about ‘Cyber Volunteer Programme’:

  1. It has been launched by NITI Aayog.
  2. It has aimed to bring together citizens to contribute in the fight against cybercrime in the country.
  3. I4C will be its nodal agency to coordinate at national level.

Select the correct answer using the code given below:

  1. 1 and 2 only
  2. 1 and 3 only
  3. 2 and 3 only
  4. All of the above

Q.24) Consider the following pairs of places recently seen in news:

                        Places              :           Countries

  1. Senkakus Islands :           South Korea
  2. Mongla Port :           Bangladesh
  3. Salda Lake :           Turkey

Which of the above given pairs is/are correctly matched?

  1. 1 and 2 only
  2. 1 and 3 only
  3. 2 and 3 only
  4. 1, 2 and 3

Q.25) Consider the following pairs of Military exercise of India:

            Military Excericise      :           Country

  1. Yudh Abhyash :           France
  2. Vajra Prahar :           United States
  3. DUSTLIK II :           Uzbekistan

Which of the above given statement is/are correct?

  1. 1 and 2 only
  2. 1 and 3 only
  3. 2 and 3 only
  4. 1, 2 and 3

Q.26) Consider the following statement regarding ‘Index of Eight Core Industries’ –

  1. Base year of Index of Eight Core Industries is 2014-15.
  2. Total weightage of Electricity is higher than Fertilizers in index.

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.27) Consider the following statements:

  1. It is a tiger reserve situated in East India.
  2. This protected area is situated in the Basin of Subarnarekha River.
  3. This protected area is part of the UNESCO World Network of Biosphere Reserves.

Select the correct answer using the code given below:

  1. Palamu Tiger Reserve
  2. Satkosia Tiger Reserve
  3. Simlipal Tiger Reserve
  4. Buxa Tiger Reserve

Q.28) Which of the following ministry is implementing Aatmanirbhar Bharat Rozgar Yojana (ABRY)?

  1. Ministry of Finance
  2. Ministry of Rural Development
  3. Ministry of Labour & Employment
  4. Ministry of Commerce and Industry

Q.29) ‘Secure Application for Internet’ is related to:

  1. Cyber warfare machinery to secure free speech
  2. Security measure to save internet from terrorism
  3. Messenger application developed by Army
  4. Measure to counter spread of fake news

Q.30) Which of the following subjects do not fall under government of NCT?

  1. Public Health
  2. Public Order
  3. Police
  4. Land

Select the correct answer using the code given below:

  1. 1 only
  2. 1 and 4 only
  3. 4 only
  4. 2 and 3 only

Read the following passage and answer the questions that follow each passage. Your answer to these questions should be based on passage only.

Creativity is at once our most precious resource and our most inexhaustible one. As anyone who has ever spent any time with children knows, every single human being is born creative; every human being is innately endowed with the ability to combine and recombine data, perceptions, materials and ideas, and devise new ways of thinking and doing. What fosters creativity? More than anything else: the presence of other creative people. The big myth is that creativity is the province of great individual geniuses. In. fact creativity is a social process. Our biggest creative breakthroughs come when people learn from, compete with, and collaborate with other people.

Cities are the true fonts of creativity… With their diverse populations, dense social networks, and public spaces where people can meet spontaneously and serendipitously, they spark and catalyze new ideas. With their infrastructure for finance, organization and trade, they allow those ideas to be swiftly actualized.

As for what staunches creativity, that’s easy, if ironic. It’s the very institutions that we build to manage, exploit and perpetuate the fruits of creativity — our big bureaucracies, and sad to say, too many of our schools. Creativity is disruptive; schools and organizations are regimented, standardized and stultifying.

The education expert Sir Ken Robinson points to a 1968 study reporting on a group of 1,600 children who were tested over time for their ability to think in out-of-the-box ways. When the children were between 3 and 5 years old, 98 per cent achieved positive scores. When they were 8 to 10, only 32 per cent passed the same test, and only 10 per cent at 13 to 15. When 2,80,000 25-year-olds took the test, just 2 per cent passed. By the time we are adults, our creativity has been wrung out of us.

I once asked the great urbanite, Jane Jacobs, what makes some places more creative than others. She said, essentially, that the question was an easy one. All cities, she said, were filled with creative people; that is our default state as people. But some cities had more than their shares of leaders, people and institutions that blocked out that creativity. She called them “squelchers.”

Creativity (or the lack of it) follows the same general contours of the great socio-economic divide — our rising inequality — that plagues us. According to my estimates, roughly a third of us across the United States, and perhaps as much as half of us in our most creative cities — can do work which engages our creative faculties to some extent, whether as artists, musicians, writers, techies, innovators, entrepreneurs, doctors, lawyers, journalists or educators — those of us who work with our minds. That leaves a group that I term “the other 66 per cent,” who toil in low-wage rote and rotten jobs — if they have jobs at all — in which their creativity is subjugated, ignored or wasted.

Creativity itself is not in danger. It’s flourishing is all around us — in science and technology, arts and culture, in our rapidly revitalizing cities. But we still have a long way to go if we want to build a truly creative society that supports and rewards the creativity of every one of us.

Q.31) In the author’s view, cities promote human creativity for all the following reasons except that they

  1. contain spaces that enable people to meet and share new ideas
  2. expose people to different and novel ideas, because they are home to varied groups of people
  3. provide the financial and institutional networks that enable ideas to become reality
  4. provide access to cultural activities that promote new and creative ways of thinking

 

Q.32) The author uses ‘ironic’ in the third paragraph to point out that

  1. people need social contact rather than isolation to nurture their creativity
  2. institutions created to promote creativity eventually stifle it
  3. the larger the creative population in a city, the more likely it is to be stifled
  4. large bureaucracies and institutions are the inevitable outcomes of successful cities

 

Q.33) The central idea of this passage is that

  1. social interaction is necessary to nurture creativity
  2. creativity and ideas are gradually declining in all societies
  3. the creativity divide is widening in societies in line with socio-economic trends
  4. more people should work in jobs that engage their creative faculties

 

Q.34) The author’s conclusions about the most ‘creative cities’ in the US (paragraph 6) are based on his assumption that

  1. people who work with their hands are not doing creative work
  2. more than half the population works in non-creative jobs
  3. only artists, musicians, writers, and so on should be valued in a society
  4. most cities ignore or waste the creativity of low-wage workers

Q.35) Study the following arrangement carefully and answer the questions given below:

B  A  E   D   A   D  E  B  C  A  C  U  A  B  D  U  A  D  B  E  B  A  B  C  U  D E  B  C  D  C

How many such consonants are there in the above arrangement each of which is immediately preceded by a vowel and also immediately followed by a vowel?

  1. None
  2. Three
  3. Four
  4. Five

NOTE- Follow this for Comments

  1. Mention- Time Taken after solving the Test

  2. After the release of Solution, Edit your Comment to Mention-  Correct/Incorrect and Score

  3. 2 Marks for Correct/0.66 minus for Incorrect.


What IMPACT can the ‘60 Day’ have on the final results? We will explain by taking a small example. Imagine you are sitting in the examination hall, appearing in Prelims Paper I. You have attempted 70 questions already but still unsure about a few. Then you stumble upon a question that was asked in 60 Day (and believe us, it has happened to hundreds of students countless times). You choose the right answer and submit your paper hoping for the best! Eventually, you go on to clear Mains as well as Personality Test and secure a good rank as well. When the cut off gets announced by UPSC, you realize that you have scored just one mark more than the cut off! Yes, that one mark can change your life (and it has done so to many of our students in the past). Now, imagine the kind of impact 60 to 80 marks can have! Isn’t that so fascinating to imagine?  

One’s level of preparedness is always different for different subjects. Even within a subject, one’s comfort level may vary with topics. For example, one might be more comfortable in solving questions of Polity than Economics and within Polity also, one might be at ease with questions on fundamental rights than Parliament. The level of comfort and ease that one has with a subject/ topic gets manifested in the examination. However, there is no conscious effort by aspirants to micro analyze these aspects. Now, coming to the second aspect i.e. the mistakes that one commits in answering MCQs, it can be said that there are mainly four reasons behind incorrect responses in the OMR sheet. They are:

  1. Lack of information
  2. Lack of analytical ability
  3. Silly mistakes
  4. Excessive risk-taking

Let’s analyze them one by one:

  1. Lack of information: You simply don’t know the information. You are clueless and that’s why you don’t attempt the question. For example, you may have never come across a regime called the ‘Wassenaar Agreement’ during your preparation and you can’t do much about it. The lack of information is pardonable and rectifiable. You can read more and gather more information. That is within your reach.
  2. Lack of analytical ability: You know the concept but the question is a twisted one and you are not able to apply the concept. For example, in a question asking you to identify the climate type of a region based on certain given parameters like precipitation, temperature, and air density, you might find it difficult to mark the correct option even if you are aware of all the options given in the question! That is clearly a lack of application and you can overcome it by developing a habit of framing questions in your mind while you study any topic.
  3. Silly mistakes: This habit is unpardonable. You know the concept, you become happy, you misread the question, you mark the incorrect answer and you are out of the race! Such mistakes reveal your hurriedness while answering the question. A simple mistake of reading ‘chose the incorrect option’ as ‘chose the correct option’ can destroy your chances. It means that you need to have patience and focus while attempting the paper.
  4. Excessive risk-taking: You are confused between the options and just in order to increase your attempts, you make wild guesses and try your luck only to repent eventually. Risk-taking is an art and one must be very careful while doing the guesswork in confusing questions. If you are not lucky enough, it can spoil your chances.

You will realize that these problems will have different meanings for different people. For example, one might find a lack of information as the main culprit in answering wrong the questions on Culture while in Polity, lack of analytical ability is usually the culprit. The point here is that you must analyse your preparation on these yardsticks by applying them on different subjects/ topics. If one is having a headache, he/ she can’t have the same medicine for fever. Isn’t it.

This is where our revamped ’60 Day’ comes into the picture. It will give you an opportunity to micro analyze your preparation and perform better in the examination.

Finally, it is up to you to take advantage of this framework. We are sure of only one thing- if you follow this program, assess yourself on the basis of the given framework and keep improving your weaker areas, success will be yours.

We are providing you with the right platform, the right guidance, and the right competition. Do you have the right motivation to make full use of this initiative? We think you have. Come, be a part of this initiative and take the first step towards SUCCESS!


Importance of self – tracking:

We could have provided all of you with login id and passwords to monitor your daily performance in the 60-day program.

Instead, a simple and most beautiful way which Disqus provides is profile based commenting!

Yes, we have seen the most successful candidates who have taken the maximum benefit from this program monitoring themselves by commenting on their answers in the box given (Disqus comment). And reviewing their performance themselves once in 10 days on the progress meter. 

DOWNLOAD THE 60 DAYS PLAN 2021

SOLUTION- Download Here

ENTER YOUR PERFORMANCE AND GET YOUR RANK- Click Here

Important:

  • Ranks and Cut off will be calculated for the entries in the given form only. Cut Off will be released around 10PM and Rank List will be announced soon.
  • Top 10 performers will be selected by finding the average ranks of entire 60 Days Programme and they would get FREE GUIDANCE and MENTORSHIP from IASbaba’s Core Team.

All the Best! 

IASbaba

 

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